Samsung might soon launch a $1,100 version of the Galaxy Fold

If the $1,980 price tag on Samsung’s Galaxy Fold is too much for you (it is), and you really want a foldable phone, you’ll be happy to know that there might be a far more affordable option coming. 

SamMobile reported Wednesday, quoting Display Supply Chain Consultants CEO Ross Young, that Samsung is going to launch a “Special Edition” Galaxy Fold in July, with a price tag of $1,099. This builds up on rumors that a Samsung Galaxy Fold Lite is on the way, which is probably the same device. 

According to the report, the cheaper Fold will look like the original Galaxy Fold but it will have last year’s components, allowing Samsung to offer it at a greatly reduced price. The compromises might involved a smaller cover display, 4G instead of 5G and 256GB base storage. The processor powering the phone should be Qualcomm’s latest Snapdragon 865, however. 

There’s a catch, though: The new Fold will be a limited edition device, with only around 55,000 units available. Whether that’s too many or too little remains to be seen. 

If accurate, the price difference between the original Fold and the new Special Edition Fold is massive and could ignite a whole new round of interest in foldable devices. That’s not to say that $1,099 is cheap, but it’s nearly half the price of the original Fold and at least in the same ballpark as most top flagship phones these days. 

As for the true successor of the original Fold, the Galaxy Fold 2, it should become available this August, alongside the Galaxy Note 20. It will probably be just a tad cheaper than the Fold, though.